Corey Issacson

Need help with the attached problems.

Question 1
Corey Issacson is an investor in stone cold interprises. Last week he received the companys most recent financial statements but some of the numbers were smudged and unreadable. Each of the unreadable numbers is represented with a letter as shown below and at the top of the following page.

Additional information:
1. no items of plant, property & equipment were purchased or sold during the year.
2. the prepaid insurance account represents the remaining portion of a four year policy purchased on january 1, 2006.
3. the rent payable account at year end (both years) represents decembers rent that had not yet been paid.

Required: use your knowledge regarding the interrelationships amoung financial statements to determine each of the missing amounts.

Required: from the information provided, answer the following questions:
a. What was the total amount of contributed capital as of January 31, 2001
b. Did total contributed capital increase or decrease between Jan 31, 2001 and Jan 31, 2004? By what amount?
c. How much profit has been distributed to owners in cash during the three years covered by this statement?
d. Has stockholders' equity increased or decreased over the three years and what was the main reason?
e. Compute the ratio of cash dividends to net income for each year. Did the portion of profits paid out in dividends each year increase, decrease, or stay about the same?
f. Compute the percentage change in net income between 2002 and 2003, and between 2003 to 2004. (hint: Divide the increase in net income from 2002 to 2003 by the net income for 2002) Do you believe this is an encouraging sign or a discouraging sign?
g. Compute the percentage change in dividends between 2002 and 2003, and between 2003 and 2004. Is the rate of dividend increase greater or smaller than the rate of profit increase?

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Question 1
Corey Issacson is an investor in stone cold interprises. Last week he received the companys most recent financial statements but some of the numbers were smudged and unreadable. Each of the unreadable numbers is represented with a letter as shown below and at the top of the following page.